Cryptocurrency Can Make Recognised Money Untraceable: HC

The HC made the remarks while denying bail to businessman Umesh Verma in connection with a cryptocurrency-related fraud case

RBI’s top leadership has been vehemently critical of cryptocurrencies, with governor Sanjay Malhotra recently saying that cryptocurrencies could affect the country’s financial stability

Despite the unclear status of cryptos, the government charges a 30% tax on profits from sale of VDAs and an additional 1% levy on transactions exceeding INR 10,000 in a…